Property for sale in Market Square, Daventry NN11

£585,000
Property for sale - 9 bedrooms 9 3 1
Interested in this property? Call +44 1327 317111 * or Request Details

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Property features

  • Freehold
  • Town Cente Location
  • Excellent Investment
  • Nine Lettings Rooms
  • Licensed HMO
  • Grade II Listed

Property description

Chelton Brown are pleased to offer this fully licensed 9 bedroom HMO situated in the heart of Daventry Town Centre to market. Located on Market Square this HMO boasts a stunning co living area with kitchen dining area featuring a range style cooker and kitchen island.

This stunning Grade II listed building, converted 2016, is set over 3 three storeys and is approximately 3000 square feet briefly comprises; large entrance hall, downstairs WC and utility room, internal courtyard, cellar, two communal bathrooms and a beautifully designed spacious communal kitchen with dining area, as well as nine good sized double bedrooms, one of which has a private ensuite shower room. Other benefits include gas radiator heating and all certifications and licenses in place.

The Property also comes with ownership of two freeholds for two flats which make up part of the building. The HMO is offered fully furnished and comes with an enclosed rear garden and off road parking to the rear. Fully furnished and good to go.

Room 1 £450 pcm
Room 2 £450 pcm
Room 3 £420 pcm
Room 4 £650 pcm
Room 5 £450 pcm
Room 6 £450 pcm
Room 7 £450 pcm
Room 8 £430 pcm
Room 9 £600 pcm

Cash flow of over £50,000 per annum and a potential 8.9% when bought cash or 23.7% when bought with an interest only buy to let mortgage at 4% interest. (specialist financial / mortgage advice is advised). Also included is two leases for 7c & 7B which generates £85pcm for service charges for the two flats plus £400 ground rent a year and £400 towards building insurance, approx.

General Information
The property is Freehold. The property has Mains Electricity, Gas, Water and Drainage. Local authority: Northamptonshire West Council. The valuation agency listing indicates Tax Band: E. Energy Efficiency Rating: E.

Property info

Floorplan(s): Property Floorplan

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For more information about this property, please contact
Chelton Brown, NN11 on +44 1327 317111 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Chelton Brown, and do not constitute property particulars. Please contact Chelton Brown for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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